H.J.Res. 53 is a congressional disapproval resolution that would overturn a Securities and Exchange Commission (SEC) rule requiring mutual funds to file enhanced reporting forms and implement liquidity risk management programs. The rule, published in September 2024, requires investment funds to submit detailed portfolio information through Forms N-PORT and N-CEN and to establish procedures to manage potential liquidity crises. If passed, this resolution would nullify the SEC rule entirely, preventing it from taking effect. The bill affects mutual fund companies and investment firms that would otherwise be required to comply with these new regulatory requirements and reporting standards. No specific funding is mentioned in the resolution, as it functions solely to block an existing regulatory rule rather than to authorize new spending or programs.